Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement...
On October 16, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until February 15, 2024, to file various federal individual and business tax...
For those whose qualify October 16, 2023 filing deadline and other deadlines postponed to October 7, 2024 On October 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by the terrorist attacks in the State of...
On September 29, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until February 15, 2024, to file various federal individual and business tax...
On September 25, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts. These taxpayers now have until February 15, 2024, to file various federal individual and...
On September 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Idalia in 28 of the state's 159 counties in Georgia. These taxpayers now have until February 15, 2024, to file various federal individual and...
The IRS announced on September 8, 2023 that under the Inflation Reduction Act where the IRS is receiving $80 billion in new funding, the IRS is shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation's tax...
On August 18, 2023 the Internal Revenue Service (IRS) announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have until February 15, 2024, to file various federal individual and business tax returns and make tax...
As part of a larger transformation effort, the Internal Revenue Service (IRS) announced on August 3, 2023 a major policy change that will end most unannounced visits to taxpayers by IRS Revenue Officers to reduce public confusion and enhance overall safety measures...
Why You Should Not Disregard The October 16, 2023 Extended Filing Deadline The most important thing anyone with a tax liability should do is file a return by the filing due date (October 16, 2023 if on extension), even if you can’t pay in full, or request a six-month...
